Shengshu Technology has completed a new round of Series A financing worth several hundred million RMB. This round was led by Bohua Capital, with continued follow-on investments from existing shareholders including Baidu Ventures, Beijing AI Industry Investment Fund, Qiming Ventures, Daitai Capital, and BV (Baidu Ventures), as well as additional investments from industrial partners such as CDFE Emerging Investment.
Founded in March 2023, Shengshu Technology’s core team comprises technical talent from top global universities including Tsinghua University, Peking University, Imperial College London, and Carnegie Mellon University, along with product, R&D, and industry professionals with extensive practical experience and outstanding global deployment capabilities. The company focuses on the independent development of multimodal foundation models and applications. Its core product, Vidu, offers AI image generation, video generation, and audio generation capabilities, widely applied across internet, advertising, e-commerce, animation, cultural tourism, broadcasting, education, gaming, and film industries.
In July 2024, Vidu launched globally, pioneering the concept of “Reference-to-Image/Video” and achieving key breakthroughs in consistency maintenance for commercial content creation. Vidu has rapidly reached over 30 million users and 6,000 developers and enterprises across more than 200 countries and regions. Through Vidu, the cumulative number of generated videos has exceeded 400 million, with over 100 million reference-to-video and reference-to-image generations, of which commercial content generation accounts for over 50%.